01
Jun

AvaTrade Review 2024: Pros & Cons

Fees are reasonably competitive for depositors, especially those trading individual stocks and shares wrapped as CFDs. Our research team conducts thorough testing on a wide range of features, products, services, and tools (collecting and validating thousands of data points in the process). We test all available trading platforms for each broker – whether they are proprietary or come from third-party providers – and evaluate them based on a host of data-driven variables. AvaTrade is a trustworthy and regulated broker with multiple trading assets and offers various trading platforms for traders. So, we can say that you can trust AvaTrade but be cautious to trade as forex is highly volatile. AvaTrade boasts a comprehensive selection of tradable instruments, presenting traders with a myriad of avenues to diversify their investment portfolios.

AvaTrade has spent years developing proprietary platforms that have been designed to optimise trading experience. The number of choices offered is quite impressive, and later on in our AvaTrade review, we are going to go in-depth into each one and what it offers. AvaTrade is known as one of the safest online brokerages for CFD and forex trading. Over 300,000 customers use AvaTrade to execute $70 Billion worth of trades per month. In our AvaTrade review, we’ll be covering all you need to know, including product offerings, a breakdown of the fees, and the quality of the tools and platform. There are a total of 57 video tutorials available through the AvaTrade educational section which provide you a detailed guide through many aspects of forex trading.

  1. Besides, the software and app are equipped with a search function to easily bring out information about a specific asset and more for the user to explore.
  2. As with all CFD broker, they do charge overnight fees, though these can be waived if you open an AvaTrade Islamic trading account.
  3. So, we can say that you can trust AvaTrade but be cautious to trade as forex is highly volatile.
  4. On AvaTrade, you can trade ETFs, buy a fraction of a share, and use leverage to increase your earnings.
  5. The rebranded and updated MT4-based app includes enhanced social trading capacity, but it has a limited feature set that’s generated dozens of complaints on Google Play.

AvaTrade provides economic and earnings calendars and limited research through Sharp Trader. A brief, two to four minute daily Trader’s TV video is available via YouTube. These form the core of research materials, with the script then transcribed as a Daily Market Review. Despite not being regulated by the UK’s FCA, AvaTrade has offices and is regulated within reputable countries (e.g. including Ireland and Australia).

This follows the same format as Trading For Beginners but covers more advanced trading concepts. Here you can find 27 topics including chapters for just about every type of technical indicator you should know. AvaTrade follows a strict Know Your Customer (KYC) process for withdrawal, this is to keep AvaTrade compliant with anti-money laundering processes. AvaTrade will exit you from your trades when your equity falls below margin requirements.

The Pros, Cons, & Fees of AvaTrade

The spreads are competitive and on par with industry standards, although not the absolute lowest. While there are no commissions charged on trades, traders may incur swap fees for positions held overnight. These are standard accounts that are spread-only, ECN accounts that have commissions added to the spread, and fixed spread which means spreads don’t or rarely vary. Traders in the UK, Europe and UAE) who work in the finance industry, manage a financial portfolio or make regular trades of significant size can apply for a professional account. With this account, you will be able to access leverage in line with the available traders with a Standard Account. AvaTrade is an internationally regulated forex and CFD broker that offers commissions free trading.

The main difference between the professional account and the rest is lower trading costs. However, this account also charges a rollover fee for holding a trade overnight. Cryptocurrency- AvaTrade offers crypto trading, however at this time it is not approved for Canadian and UK investors.

Can I Use Metatrader Platforms With AvaTrader?

Here you will find trading academies for Beginners, Intermediate and Advanced traders plus a Trader’s Gateway including a TV channel and in-depth technical analysis and fundamental analysis content. The minimum deposit to open an account and start trading with AvaTrade is $100. This limits you to 200 of AvaTrade’s range of financial instruments, which includes FX pairs, indices, equities & bonds. Leveraged trading, AKA trading on margin, enables you to open larger trading positions than those available from your existing capital. And you can spread bet on the most of same financial instruments as you can when CFD trading. Even beginners can feel confident taking trade positions thanks to a platform that intentionally avoids unnecessary complexity.

Diverse and User-Friendly Trading Ecosystem

It’s possible to contact AvaTrade via phone or chat (which isn’t always available). It also has apps for Android and iOS smartphones and tablets from which you can trade, and they actually look pretty good. On Google Play and on the Apple App Store, the AvaTrade app has a rating of around 4.5. AvaTrade accounts can be in euros, US and Australian dollars, or British pound sterling; this will depend on where you are located. I’m a huge fan of its economic calendar; it is actually one of the best I have ever tried. It will remind you of upcoming economic and financial events that may affect your transactions (e.g. new UK unemployment data).

AvaTrade isn’t a new name in the industry, as it’s a global brand renowned for offering a wide array of trading platforms for CFD and forex traders. This forex broker, which operates internationally, is a safer, well-regulated bet for traders. The multiple options it allows in terms of trading platforms and software is an added positive.

Nor does it have the most diverse portfolio of CFDs; platforms such as eToroXTB will offer you more options. Now that I’ve reviewed AvaTrade in depth and given you my review, you should have a clear idea on whether or not this is a good option for you. But before I finish, I wanted to remind you of a couple of things about this trading platform.

This means you are safe using this account type regardless of where you are using AvaTrade from. When you invest in any of the stocks listed on AvaTrade, you can own it and hold on to it as a long-term investment. AvaTrade has about a dozen ETFs to choose from and get started in your journey to passive investing. Among the top ETFs on AvaTrade are Market Vectors TR Goldminers, Dow Jones US Home Construction Index Fund, and S&P 500 SPDR. Up to this point, you have a good idea of what you can trade on AvaTrade. Let’s now look at what you can invest in on AvaTrade i.e., truly buying the asset.

Vault Markets

If you made your deposit with a credit or debit card, then 200% of the amount of your first deposit must be returned to the credit or debit card before you can withdraw to other accounts. If you made your deposit with other methods, then 100% must first be returned to that account. While this is a great tool, if you are using MetaTrader 4 or 5, you will not be able to access this tool as it’s only available with AvaTradeGO.

In addition to 55 Forex Pairs, our AvaTrade review found a typical EURUSD spread is 0.9 and they offer 42 forex options and good risk management. One of the reasons why AvaTrade is so popular with forex and CFD traders is because of the wide range of platforms and tools it offers. Most brokers offer two platforms, one for your average trader, one for your more professional trader. AvaTrade on the other hand goes above and beyond with 9 different platforms.

The user interface is simple and the fact that they have never ending educational material on trading is a big plus.Their staff are very helpful and friendly too. Deposits may be made using a regular credit/debit card, in which case the payment will be credited instantaneously. E-payments through Skrill’s Moneybookers, Webmoney and Neteller will be credited within 24 hours. Meanwhile, deposits done through wire transfer can take up to 7 business days, depending on the bank and country. Moreover, AvaTrade has received positive user reviews and high ratings from reputable review sites, further affirming its credibility and trustworthiness.

AvaTrade is an award-winning online broker offering Contracts for Difference (CFDs) on Commodities, Stocks, Indices, Cryptocurrencies and more. The company is regulated by 10 regulators across 5 continents with a global clientele in over 150 countries. We do our utmost best to offer reliable https://broker-review.org/ and unbiased information about crypto, finance, trading and stocks. However, we do not offer financial advice and users should always carry out their own research. AvaTrade has an excellent customer service and support system to ensure they meet the inquiries and needs of all customers.

With a deposit of $100, you can spread the money across several ETFs and diversify your earnings. If you would like to read more about our take on other brokerages that offer optimal day trading tools, check out our full rundown on the Best Day Trading Platform in Canada linked above. To learn more advanced trading strategies, like those you would be using with AvaTrade, head over to our Ultimate Options Trading avatrade review Guide in Canada. At the time of writing, AvaTrade is not available to customers residing in the USA, and cannot fund an AvaTrade account with funds originating in the USA. Check out the spread cost table below to see what you might end up paying in trading fees for Forex, stocks and ETFs. The owner(s) of this website may be compensated to provide opinions on products, services, websites and various other topics.